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Updated over 3 years ago on . Most recent reply

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15
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7
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Jasmine Smith
7
Votes |
15
Posts

Aspiring Investor moving to Dallas,TX

Jasmine Smith
Posted

Hello. I have saved up for my first real estate investment. I am moving to Dallas,TX and wanted to take a step out and get started there. Since The area will be new to me and I don’t have any connections there yet I was hoping for advice. How should I go about my first venture? Since I will need housing myself  I was thinking I could find a foreclosed or distressed property for under market value. Fix it up if necessary and live in it until I can find renters? Then repeat the process. Can someone please lend me as much advice as possible on this idea and anything else. 

Most Popular Reply

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413
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258
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J Zev J.
  • CPA
  • Colorado Springs, CO
258
Votes |
413
Posts
J Zev J.
  • CPA
  • Colorado Springs, CO
Replied

Hi @Jasmine Smith I recommend reaching out to some realtors in Dallas and see if any of them have experience working with househacking investors. Tell them what you're trying to accomplish and they should be able to point you in the right direction or give you some initial guidance. 

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